PGE Corp Correlations

PCG Stock

USD 13.45 0.19 1.43%

The current 90-days correlation between PGE Corp and Consolidated Edison is -0.02 (i.e., Good diversification). The correlation of PGE Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

PGE Corp Correlation With Market

Very weak diversification

The correlation between PGE Corp and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PGE Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PGE Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PGE Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in PGE Stock please use our How to Invest in PGE Corp guide.

Moving together with PGE Stock

0.71	ED	Consolidated Edison	Pair Corr
0.85	FE	FirstEnergy	Pair Corr
0.72	CNP	CenterPoint Energy	Pair Corr
0.85	EDN	Empresa Distribuidora	Pair Corr
0.92	EIX	Edison International Earnings Call This Week	Pair Corr
0.66	EXC	Exelon	Pair Corr
0.83	NWE	NorthWestern	Pair Corr
0.75	POR	Portland General Electric Earnings Call This Week	Pair Corr
0.62	XEL	Xcel Energy	Pair Corr

Moving against PGE Stock

0.68	EMA	Emera Incorporated	Pair Corr
0.59	D	Dominion Energy	Pair Corr
0.59	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.59	CMS-PC	CMS Energy Earnings Call This Week	Pair Corr
0.55	EVRG	Evergy,	Pair Corr
0.51	ELP	Companhia Paranaense	Pair Corr
0.49	SO	Southern	Pair Corr
0.85	TLN	Talen Energy Upward Rally	Pair Corr
0.8	GNE	Genie Energy	Pair Corr
0.77	KEP	Korea Electric Power	Pair Corr
0.69	NEE	Nextera Energy Earnings Call This Week	Pair Corr
0.66	SCE-PJ	SCE Trust IV	Pair Corr
0.65	PEG	Public Service Enterprise	Pair Corr
0.48	NGG	National Grid PLC	Pair Corr

Related Correlations Analysis

	ED	SO	ETR	PNW	FE	DUK	D	EXC	AEP	NEE
ED		-0.06	0.31	0.8	0.65	0.67	-0.72	0.91	0.56	-0.81	ED
SO	-0.06		0.46	0.33	-0.18	0.6	0.48	0.16	0.71	0.2	SO
ETR	0.31	0.46		0.61	0.46	0.56	0.13	0.4	0.61	-0.1	ETR
PNW	0.8	0.33	0.61		0.7	0.85	-0.39	0.92	0.86	-0.56	PNW
FE	0.65	-0.18	0.46	0.7		0.42	-0.37	0.66	0.37	-0.53	FE
DUK	0.67	0.6	0.56	0.85	0.42		-0.25	0.83	0.93	-0.49	DUK
D	-0.72	0.48	0.13	-0.39	-0.37	-0.25		-0.62	-0.12	0.74	D
EXC	0.91	0.16	0.4	0.92	0.66	0.83	-0.62		0.76	-0.74	EXC
AEP	0.56	0.71	0.61	0.86	0.37	0.93	-0.12	0.76		-0.34	AEP
NEE	-0.81	0.2	-0.1	-0.56	-0.53	-0.49	0.74	-0.74	-0.34		NEE
	ED	SO	ETR	PNW	FE	DUK	D	EXC	AEP	NEE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AEP	+ 0.93	DUK
EXC	+ 0.92	PNW
EXC	+ 0.91	ED
AEP	+ 0.86	PNW
DUK	+ 0.85	PNW
EXC	+ 0.83	DUK

High negative correlations

NEE	- 0.81	ED
NEE	- 0.74	EXC
D	- 0.72	ED
EXC	- 0.62	D
NEE	- 0.56	PNW
NEE	- 0.53	FE

Risk-Adjusted Indicators

There is a big difference between PGE Stock performing well and PGE Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze PGE Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ED	0.93	(0.14)	0.00	(1.05)	0.00	0.00	2.19	(2.25)	6.03
SO	0.80	0.03	(0.06)	0.26	1.05	(0.80)	1.53	(1.89)	4.80
ETR	0.97	0.00	(0.05)	0.14	1.10	(1.08)	2.03	(1.99)	5.53
PNW	0.83	(0.06)	0.00	(0.03)	0.00	0.00	1.53	(1.59)	4.10
FE	0.71	(0.03)	(0.14)	(0.01)	0.91	(0.74)	1.24	(1.54)	5.32
DUK	0.80	(0.03)	0.00	(0.18)	0.00	0.00	1.81	(1.66)	5.69
D	0.94	0.04	(0.01)	0.20	0.97	(1.04)	2.00	(1.75)	5.75
EXC	0.87	(0.14)	0.00	(0.45)	0.00	0.00	1.71	(1.88)	5.14
AEP	0.78	(0.01)	(0.10)	0.10	1.03	(0.81)	1.53	(1.81)	6.00
NEE	1.38	0.12	0.03	0.33	1.83	(1.39)	3.04	(2.99)	9.91

PGE Corp Corporate Executives

Elected by the shareholders, the PGE Corp's board of directors comprises two types of representatives: PGE Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PGE. The board's role is to monitor PGE Corp's management team and ensure that shareholders' interests are well served. PGE Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PGE Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Dinyar Mistry	VP, Controller, CFO of Pacific Gas and Electric Company, VP of Pacific Gas and Electric Company and Controller of Pacific Gas and Electric Company	Profile
	Carolyn Burke	CFO VP	Profile

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